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Feb 5, 2012
02/12
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job council are saying that's not the right model for education. by the time a kid is 5 years old, if a kid is not in the middle class, if the kid is already socioeconomically suffering, they are already behind. so this great equalizer of american public education doesn't help them. now you're seeing a worker who's going to have that much more trouble being in the middle class from then on. i think education, it's vocational schools, high school. >> every day i thank my lucky stars i'm not christine's kid. you did point out, however, this is a very interesting statistic and i need you to help me understand what it means. of every dollar of income earned in the united states in the third quarter of 2011, the last three months of 2011, every dollar of income that was earned, just 44 cents went to workers' wages and salaries, making it the smallest share since the government began tracking this in 1947. what does that mean? >> what it tells us is that the american worker has the smallest share ever of the economic pie, and that is shrinking. so as the
job council are saying that's not the right model for education. by the time a kid is 5 years old, if a kid is not in the middle class, if the kid is already socioeconomically suffering, they are already behind. so this great equalizer of american public education doesn't help them. now you're seeing a worker who's going to have that much more trouble being in the middle class from then on. i think education, it's vocational schools, high school. >> every day i thank my lucky stars i'm...
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if you want to make a difference, you have to have the right education. university of phoenix opened the door. my name is james craig, i am committed to making a difference, and i am a phoenix. visit phoenix.edu to find the program that's right for you. enroll now. over a million people have discovered how easy it is to use legalzoom for important legal documents. so start your business, protect your family, launch your dreams. at legalzoom.com, we put the law on your side. >>> polls show president obama and mitt romney are in a dead heat. but mitt romney is winning upon wall street. the obama camp has raised $3 million. that's a pittance compared to the $8.5 million that the security and investment industry has contributed to mitt romney. compare it to four years ago. candidate obama back then raised $16 million compared to his rival, john mccain, $9.2 million. so what explains this shift? one reason could be that criticism of wall street has been a staple of the obama presidency. >> not everybody has been following the rules that wall street is an examp
if you want to make a difference, you have to have the right education. university of phoenix opened the door. my name is james craig, i am committed to making a difference, and i am a phoenix. visit phoenix.edu to find the program that's right for you. enroll now. over a million people have discovered how easy it is to use legalzoom for important legal documents. so start your business, protect your family, launch your dreams. at legalzoom.com, we put the law on your side. >>> polls...
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Sep 30, 2012
09/12
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governor grandholm wants to do for jobs what she's trying to do for education. her plate launches a competition to fill a critical national need. it would help the public-private partnerships. the fund would come from money america currently spends on economic development. thanks for joining us. >> you bet. thanks for having me on, ali. >> how do you ensure that we undertake projects using private and public money that do create jobs and fix problems as opposed to the accusation that we get from a lot of conservatives that say, these things are just pork. >> first of all, in states it's happening all the time, anyway. every state almost has an economic development agency that has identified that state's strengths, weaknesses and opportunities. a swat analysis, if you will, and they decided to focus on areas of strength inside the state's geographic borders. what i'm suggesting is to put that kind of effort on steroids, n knowing our economic allies, they aren't being that aggressive. how do you make sure it's effective? you want to make sure the government's dol
governor grandholm wants to do for jobs what she's trying to do for education. her plate launches a competition to fill a critical national need. it would help the public-private partnerships. the fund would come from money america currently spends on economic development. thanks for joining us. >> you bet. thanks for having me on, ali. >> how do you ensure that we undertake projects using private and public money that do create jobs and fix problems as opposed to the accusation...
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Jan 28, 2012
01/12
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we hit a peak in educational attainment in the 1970s as other countries continue to educate people in the 1970s moving to the 1980s. at the very moment the information age and ideas were being rewarded more than manual labor. the bottom 50% of income earners in the united states has stagnated or lost ground in terms of income since that period of time with the top 90th percentile or top 10% who have graduate degrees and more education were beneficiaries, because there was a shortage of them. that gap between the 50 and 90th percent was filled with debt. that was more expedient for us in our capitalist economy with deep and liquid capital markets at the time than educating our people and sending them to educate themselves. we had the gi bill and all kinds of things. we took people from the farms and brought them into the factories. we educated them, made them literate. we did things that were pushing education for much of the 20th century. at the end of the 20th century, gave up on that. that's a structural problem that is absolutely relevant in the numbers and it gets to the broader i
we hit a peak in educational attainment in the 1970s as other countries continue to educate people in the 1970s moving to the 1980s. at the very moment the information age and ideas were being rewarded more than manual labor. the bottom 50% of income earners in the united states has stagnated or lost ground in terms of income since that period of time with the top 90th percentile or top 10% who have graduate degrees and more education were beneficiaries, because there was a shortage of them....
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Dec 23, 2012
12/12
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he has to save for his children's college education. perhaps for high school education. and certainly for any kind of retraining he may need. so it's not entirely clear that europeans have such a bad deal. >> the question here, it is a tough decision. we are deciding that we want less government, right. so the idea of whether you pay 35% or 39.6% as your marginal top tax rate is really code for a 35 or lower, i get less government. grover norquist leading the charge for tax increases say i want to drown government in the bathtub. >> here's the problem with that americans like government. what we have for the last 30 years is done is say we're going to have low taxes but we still want lots of government. we've made up the difference by borrowing. i think one part of what john boehner says, which is quite right. you can't keep doing this forever. at some point you've got to get that habit under control. now the problem is the republicans realize that large role for government is pretty popular. that's why they don't i'dfy specific cuts. >> they say we'll cut this amount of
he has to save for his children's college education. perhaps for high school education. and certainly for any kind of retraining he may need. so it's not entirely clear that europeans have such a bad deal. >> the question here, it is a tough decision. we are deciding that we want less government, right. so the idea of whether you pay 35% or 39.6% as your marginal top tax rate is really code for a 35 or lower, i get less government. grover norquist leading the charge for tax increases say...
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Oct 27, 2012
10/12
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let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. but what about your wrinkles? neutrogena® rapid wrinkle repair visibly reduces fine lines and wrinkles in just one week. why wait if you don't have to. neutrogena®. >>> welcome back to "your money." coming to you from the battleground state of florida. i'm on the road for an 1800 mile trek on that bus from florida to ohio. talking with undecided voters with a little more than a week left until the election and what they're telling me they like what each candidate has to say about the future, but they want to know which one of them can really get it done? with more than 3 million florida residents over the age of 65, senior citizens are a
let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. but what about your wrinkles? neutrogena® rapid wrinkle repair visibly reduces fine lines and wrinkles in...
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Oct 21, 2012
10/12
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think we talk for a listen, but we're actually going to be listening to people and there is no greater education than that. >> and cnn contribute for john avalon joins me now and he's joining me on the bus. this election is coming down to a smaller and smaller number of states and districts and counties. and we're going through, and we're not hearing the same things. >> totally different political topographies totally different economic topographies. this election does come down to swing voters in swing districts and swing states. florida still under water on their mortgages, unemployment, fast growing, in those swing counties there, the local issues, the economic issues, the fact that it's an mazing population, north carolina, obviously the textile industry decimated decades ak, the whole issue of manufacturing, research triangle, virginia, unemployment half the national averages. >> they have to take a different view of this whole government get out of my life situation? >> exactly right. the folks in loudoun county, that rhetoric doesn't work for them. they're worried about the sequestration
think we talk for a listen, but we're actually going to be listening to people and there is no greater education than that. >> and cnn contribute for john avalon joins me now and he's joining me on the bus. this election is coming down to a smaller and smaller number of states and districts and counties. and we're going through, and we're not hearing the same things. >> totally different political topographies totally different economic topographies. this election does come down to...
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Sep 29, 2012
09/12
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trying to do for education, encourage investment at the state level. launching competition to fill a critical national need like infrastructure projects. the most private partnerships including funding. governor, welcome to the show, thank you for being with us. >> thanks for having me on, ali. >> the plan sounds great, let's talk details. how do you ensure that we undertake projects using private and public money that do create jobs and fix problems, as opposed to the accusation that we get from a lot of conservatives that say these things are just pork. >> well, first of all, in states, it's happening all the time anyway. every state almost has an economic development agency that has identified that state's strengths, weaknesses, opportunities and threats. a swat analysis, if you will. they decided to focus on areas of states within that economic borders. to put that kind of effort on steroids knowing that our economic competitors are not state to state, but, of course, state to country. what are other countries doing? they are luring other, they're
trying to do for education, encourage investment at the state level. launching competition to fill a critical national need like infrastructure projects. the most private partnerships including funding. governor, welcome to the show, thank you for being with us. >> thanks for having me on, ali. >> the plan sounds great, let's talk details. how do you ensure that we undertake projects using private and public money that do create jobs and fix problems, as opposed to the accusation...
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Oct 20, 2012
10/12
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think we talk for a living, but we're actually going to be listening to people, and there's no greater education than that. >> and cnn contributor john avalon joins me and he's going to join me on the bus. this election is coming down to a smaller and smaller number of states. and districts, and counties, and we're going to go in there and we're not going to hear the same thing. you have a real sense of the distinctions between the stories in florida and the carolinas and virginia and ohio. >> totally different political top augu topography. it comes down to swing voters and swing states. florida, foertd persh of the house is still under water on their mortgages. unemployment a big problem. diverse state, fast growing. the fact it's an aging population, so medicare, health care a real issue. north carolina, a state where the textile issue was decimated. bible belt, virginia, unemployment, half the national average because of government workers. northern virginia, very diverse. they have to take a different view of the government get out of my life situation. >> exactly right. the folks in loudon
think we talk for a living, but we're actually going to be listening to people, and there's no greater education than that. >> and cnn contributor john avalon joins me and he's going to join me on the bus. this election is coming down to a smaller and smaller number of states. and districts, and counties, and we're going to go in there and we're not going to hear the same thing. you have a real sense of the distinctions between the stories in florida and the carolinas and virginia and...
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Dec 8, 2012
12/12
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you said last week republicans should be all about education. >> mm-hmm. >> but not spending on education. >> well, look. i want to challenge the numbers david mentioned. if you look at what happened to infrastructure spending in this country over the last ten years it's gone through the roof. i live in virginia. we are building this absurd rail project out to dulles airport, one of the most expensive products in american history. maybe the biggest boon doggle ever. we are spending a lot on those projects. same with education. >> we are spending 3% of our economy sh not 5% like scandinavians or 9% like the chinese. >> the test scores are falling. there is no relationship between how much we spend and the results we get. >> i'm talking about higher education, stephen. i don't dispute as someone who teaches at syracuse law school and business school we need to improve student performance tremendously. more importantly, we are not investing in higher education. we are spending less than half as much as the europeans on infrastructure. they don't have roads falling apart and by the way, not f
you said last week republicans should be all about education. >> mm-hmm. >> but not spending on education. >> well, look. i want to challenge the numbers david mentioned. if you look at what happened to infrastructure spending in this country over the last ten years it's gone through the roof. i live in virginia. we are building this absurd rail project out to dulles airport, one of the most expensive products in american history. maybe the biggest boon doggle ever. we are...
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Jan 21, 2012
01/12
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it isn't just the level of education. if you decide to become an architect in this economy, you're in trouble. the unemployment rate is 11.3% and the long-term projections are that it will stay above 10 because of the collapse in construction and finance. so you need to ask the people in your program what's happening to the people that graduated last year. >> the danger here is that you're looking years ahead and trying to decide what's going to make a big payoff for your college education. if we went back a few years and you talked about kids coming out of architectural schools, we would have said that's a great field to be in because the housing industry is booming, you need to design these buildings, homes, businesses and that sort of thing. so you have to be really careful -- >> what do you do then? you make a good point, but what do you do? for people whose only control ithem and their kids and what they study or retrain into, bringing it down to micro, what decisions can we make? do we all have to become engineers a
it isn't just the level of education. if you decide to become an architect in this economy, you're in trouble. the unemployment rate is 11.3% and the long-term projections are that it will stay above 10 because of the collapse in construction and finance. so you need to ask the people in your program what's happening to the people that graduated last year. >> the danger here is that you're looking years ahead and trying to decide what's going to make a big payoff for your college...
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Sep 23, 2012
09/12
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education. it is vital to america's economic security and to our children's hopes for a prosperous future. last week students in the third largest school district finally went back to school eight days after chicago's teachers went on strike. a deal was struck. >> taxpayers pay more but our kids got less. this time our taxpayers are paying less and our kids are getting more. >> but are students really winning? nick kristof is a two-time pulitzer prize for the "new york times." nice to see you, nick. >> good to see you. >> you say america's education system is just transmitting inequity from one generation to another. that's why we need school reform. did we get it in chicago? >> we're inching toward it. one of the things i think the chicago debate really underscored is the degree to which the democratic party has been separating itself from teacher unions and gradually embracing the mantle of education reform and school reform, so we're making mild steps toward it, but there's a long way to go.
education. it is vital to america's economic security and to our children's hopes for a prosperous future. last week students in the third largest school district finally went back to school eight days after chicago's teachers went on strike. a deal was struck. >> taxpayers pay more but our kids got less. this time our taxpayers are paying less and our kids are getting more. >> but are students really winning? nick kristof is a two-time pulitzer prize for the "new york...
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Apr 14, 2012
04/12
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. >> people with basic education, the kind of education that 25 years ago would have guaranteed you a good job for life. that's becoming harder. >> we can all see that in our daily lives. think about it, travel agents, we don't need them anymore because we have the internet. people don't have so many secretarial positions. we saw it recently in the retail sales employment numbers. sales are up but jobs are down. why is it? we're buying online. i think that is a great trend. i believe in technology, all of us love it. >> what do you do with the people. >> we have to be realistic and honest about the fact that we all encounter in our daily lives those good, solid jobs for someone -- yes, chris christie does want to work really hard. they are not there. either you're a generous ipo person and doing fantastically well or struggling to get by at the bottom. i think that makes america and actually all of the western world right now in a really difficult place. our democracies are built on a robust middle class. >> an area that's important, an area where the president is wrong factually, he
. >> people with basic education, the kind of education that 25 years ago would have guaranteed you a good job for life. that's becoming harder. >> we can all see that in our daily lives. think about it, travel agents, we don't need them anymore because we have the internet. people don't have so many secretarial positions. we saw it recently in the retail sales employment numbers. sales are up but jobs are down. why is it? we're buying online. i think that is a great trend. i...
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Jun 23, 2012
06/12
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you are under great pressure to educate and churn out non-average kids. above average kids in tough environments and how is that forced upon you affect you? >> it's become that much tougher. the situation in philadelphia is the state took over the schools in 2001. as mayor, i'm not directly in charge of schools and i have a couple of appointees to a five-member school reform coaling, last year the commonwealth of pennsylvania cut commonwealth education funding by a significant amount and, and there's a current budget proposal and we're trying to push back hard on that. our school district in philadelphia is under severe fiscal challenge and fiscal distress. we are working with the city council trying to provide additional funding support from the city side, but the commonwealth certainly has an obligation and a responsibility and when those cuts hit, unfortunately, they start to come down on kids in classrooms or teachers in classrooms where real education and learning takes place. so we need more investment in education if we're truly able to compete, no
you are under great pressure to educate and churn out non-average kids. above average kids in tough environments and how is that forced upon you affect you? >> it's become that much tougher. the situation in philadelphia is the state took over the schools in 2001. as mayor, i'm not directly in charge of schools and i have a couple of appointees to a five-member school reform coaling, last year the commonwealth of pennsylvania cut commonwealth education funding by a significant amount and,...
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Sep 22, 2012
09/12
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but the battle for education reform rages on. at legalzoom you get personalized services for your family and your business that's 100% guaranteed. so go to legalzoom.com today for personalized, affordable legal protection. never took life too seriously... till our son was born. that day, he bought life insurance. now there's no way i could send our boy to college without it. if there was one thing i could say to hank, it'd be "thank you." you're welcome. hey, hank. [ male announcer ] life insurance you can use while you're still living. you are one lucky lady. mm-hmm. [ male announcer ] learn more from your state farm agent today. ♪ [ sighs ] [ bird chirps ] [ bird squawks ] ♪ [ bird screeching ] ♪ [ elevator bell dings ] [ sighs ] how mad is she? she kicked me out. but i took the best stuff. i'll get the wrench. ♪ [ male announcer ] kohler's tresham collection. life. with a twist. ♪ life. with a twist. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibili
but the battle for education reform rages on. at legalzoom you get personalized services for your family and your business that's 100% guaranteed. so go to legalzoom.com today for personalized, affordable legal protection. never took life too seriously... till our son was born. that day, he bought life insurance. now there's no way i could send our boy to college without it. if there was one thing i could say to hank, it'd be "thank you." you're welcome. hey, hank. [ male announcer ]...
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Aug 18, 2012
08/12
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we know we need to do more educating on the affordable care act. but the affordable care act has actually lowered the cost of prescription drugs for millions of seniors by hundreds of dollars. it's helped cover people with pre-existing conditions. these are pieces we'll also be talking about beyond the budget. >> i want to bring greg in and give him the last word. where should the focus be right now, greg? it's clearly shifted this week. we'll see if it shifts back to jobs and the economy or if it shifts and focuses on taxes. what's your final take here? >> i think it should be on the economy and jobs. there's been a fundamental realitiering of this campaign. it's now on entitlements. we didn't even talk about social security. i think bringing all these issues in is maybe it will succeed. but it's a very risky move for the republicans. >> we've seen in past in history what happened when you bring up privatizing social security. but that would make for an even more wonky debate. we'll see if maybe that is next week, guys. maybe that's next week. tha
we know we need to do more educating on the affordable care act. but the affordable care act has actually lowered the cost of prescription drugs for millions of seniors by hundreds of dollars. it's helped cover people with pre-existing conditions. these are pieces we'll also be talking about beyond the budget. >> i want to bring greg in and give him the last word. where should the focus be right now, greg? it's clearly shifted this week. we'll see if it shifts back to jobs and the economy...
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they're being honored for leading innovation in engineering and technological education. tomorrow's tech applications are going to come from today's engineering undergrads and that's why their curriculum, what and how they are taught is critical. all three winners of the gordon prize come from the engineering clinic at harvey mudd college in california. they pushed to integrate the design and making of tools and prototypes into the classroom. they advocated a hands on approach to engineering in which small teams of students are given design problems to solve from the real world. our congratulations and gratitude to the winners of the draper and gordon prizes and to the national academy of engineering. that's my xyz, thanks for joining the conversation this week on "your money," we're here every saturday and sunday at 3:00 p.m. and make sure to check out my new book with christine romans "how to speak money." a guide to understanding the language of money with everything you need to know. head to amazon.com or barnes and noble.com to pick up your copy. my
they're being honored for leading innovation in engineering and technological education. tomorrow's tech applications are going to come from today's engineering undergrads and that's why their curriculum, what and how they are taught is critical. all three winners of the gordon prize come from the engineering clinic at harvey mudd college in california. they pushed to integrate the design and making of tools and prototypes into the classroom. they advocated a hands on approach to engineering in...
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Apr 29, 2012
04/12
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you won't have saved for their college education. you'll be less willing to borrow for their college education, because you'll still be up to your eyebrows in debt. >> reporter: it's a middle class nightmare, really, rising tuition, doubling interest rates, and too few jobs for new graduates. that's what's really important here. too few jobs. it's not what you and i had to deal with when we came out of school. how are you going to start a small business or buy a home if you're carrying this much debt? that's exactly what the issue is all about. but who pays for those low interest rates, ali? who pays for forgiving debt? look, that's a long shot. they're not going to forgive student loan debt. >> we should be clear, that number you're looking at, that 16.4% unemployment, that's the unemployment rate for 16 to 24-year-olds. that number is very, very different if you have a college degree. if you're 20 years old or 21 years old with an undergraduate degree, it is a quarter of that, if not lower. >> true, but a big chunk of recent colleg
you won't have saved for their college education. you'll be less willing to borrow for their college education, because you'll still be up to your eyebrows in debt. >> reporter: it's a middle class nightmare, really, rising tuition, doubling interest rates, and too few jobs for new graduates. that's what's really important here. too few jobs. it's not what you and i had to deal with when we came out of school. how are you going to start a small business or buy a home if you're carrying...
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it's not true that every education worker that we have is useful. it's not true that every teacher we hire is doing a good job in the classroom. we need to get more money for the dollar that we spend and so spending reform has to accompany tax reform. and that i think would put us on a more even keel. >> chrystia, what's the disconnect? listening to ragu sounds so obvious, if he were running i would want to vote for him. why can't we have that discussion translate into our elections? >> i'm going to vote for him too. two reasons, one, people are scared and at a time when people are scared if your message is blood, sweat, tears and higher taxes they are not very receptive. but i think the second point is what ragu said which is really essential, that if what you're talking about is some government investment in things like education and infrastructure, people are saying, wait a minute, i have seen the private sector become much more efficient, driven by technology, you know, my iphone is a miracle, i expect real responsiveness and efficiency, i don't
it's not true that every education worker that we have is useful. it's not true that every teacher we hire is doing a good job in the classroom. we need to get more money for the dollar that we spend and so spending reform has to accompany tax reform. and that i think would put us on a more even keel. >> chrystia, what's the disconnect? listening to ragu sounds so obvious, if he were running i would want to vote for him. why can't we have that discussion translate into our elections?...
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Feb 26, 2012
02/12
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you're not interested in fixing the educational system. >> the educational system today is a 150-year-old version of what worked last century. now it's time to reinvent it. the tools and technologies coming online through artificial intelligence and the web and the ability to interconnect any one of us with the smartest people on the subjects should give us a new basis for education. >> you're talking about the youtube lessons. >> you can go home, learn what you want. when you come to school, it's about trying things. it's about applications. it's not about sitting in back the of the room and listening to a sage on the stage. it's time to reinvent how we educate our kids because we can. >> peter, great book. great conversation. you've done great work. you're going to be a regular on the show. we're going to introduce new i was of thinking to our audience who is very eager to hear about some of these things. chairman and founder of the x prize foundation and the co-author of abundance, the future is greater than you think. we'll continue to talk with peter. we want you to send us your idea
you're not interested in fixing the educational system. >> the educational system today is a 150-year-old version of what worked last century. now it's time to reinvent it. the tools and technologies coming online through artificial intelligence and the web and the ability to interconnect any one of us with the smartest people on the subjects should give us a new basis for education. >> you're talking about the youtube lessons. >> you can go home, learn what you want. when you...
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Apr 28, 2012
04/12
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to get an education. to van's point it isn't about somebody else's kid it's about society. >> i'm going to say either overhyped used for political purpose. between $18 and $25,000 van or somebody else if they wanted to could tell horror stories about people $200,000 in debt. the bottom line is that's not the norm. the norm is students have manageable levels of debt. let me ask you this. why is the current generation exempted from what every other generation made, pay off student loan as well, presumably others will as well -- >> demands are higher. 25 years ago you graduate with a high school diploma, get a job that puts you in middle class for life. today, not impossible. agreed? virtually impossible? >> we have a president of the united states, i would ask you and van this -- >> who has more than a high school degree. >> says he paid off loans eight years ago. what's wrong with that story? why is this generation deprived of that success story? what's the difference? >> a lot more money. >> i'll tell you
to get an education. to van's point it isn't about somebody else's kid it's about society. >> i'm going to say either overhyped used for political purpose. between $18 and $25,000 van or somebody else if they wanted to could tell horror stories about people $200,000 in debt. the bottom line is that's not the norm. the norm is students have manageable levels of debt. let me ask you this. why is the current generation exempted from what every other generation made, pay off student loan as...